Amazon Just Unfolded The Future Of Retail Shopping

The doyen of online retail, Amazon.com (AMZN) is dead set in taking over even the world of physical retail. With its introduction of Amazon Go, the brick-and-mortar retail industry is in for some shake-up.

Amazon Go is not your ordinary retail convenience store, though.

 The store format they are developing for it includes the usage of computer vision and deep-learning algorithms that will allow shoppers to just choose what they want to buy, and just grab it and go. No need to wait for long lines at the checkout counter. Also according to a report, Amazon.com has more of these kinds of innovative concepts for retail in line.

In the operation’s framework, shoppers just have to tap the Amazon Go app on their smartphones , their virtual shopping carts will automatically calculate their total expenditures, and the calculated total will be deducted from their Amazon accounts. They will be sent a receipt. The company dubbed it as the “just walk out technology” which it also boasts to be the same technology used in self-driving cars. This innovation is sure to raise the stakes with company rivals like Wal-Mart (WMT), Target (TGT), and other leading retailers.

According to the company, its first Amazon Go store with a 1,800-square-foot total area is now open in Seattle—the retail titan’s home base—but only for Amazon employees as of the moment since its still on the beta testing stage. But the company said that the store will soon be accommodating the public come early 2017.

The store is said to feature groceries and also ready-to-eat meals every day, according to the company. The store will also stock up with “well-known brands” and “special finds”.

Amazon still has a lot of plans for its further expansion outside online retail.

Amazon shares gained 2.6 percent at 759.63 on today’s trade, but haven’t gone beyond its 50-day line yet following a slump after the victory of Trump in the presidency.

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Dow Jumps Beyond 19,000

The Dow Jones Industrial Average (DJIA) skyrocketed as it hit—for the first time in its history—beyond the 19,000 mark. The said rise was attributed to the election of the current President-elect Donald Trump and the rally in oil that caused an uptick to most stocks and indices.

As of 4:42 GMT-5, DJIA is up 67.18 points or 0.35 percent to 19,023.87. Side by side with the Dow were indices like the Standard and Poor’s 500 Index (SPX) rising 16.3 points, or 0.8 percent; Nasdaq Composite (COMP) gaining 0.9 percent or 47.4 points. Intraday best for both indices were 2,198.70 and 5,369.83 respectively. The small-cap barometer Russell 2000 Index (RUT) extended daily gains with 12.11 points or 0.92 percent—it’s longest streak since June 2003. Since December 31, 1999, this is the only time again that the Dow, SPX, COMP, and RUT finished at all-time highs on the same day.

Meanwhile in the Asia-Pacific region, since Japanese markets are closed for a public holiday, the spotlight is on the land down under’s S&P/ASX 200 as it added 2.56 percent, reaching its highest close since October with a lift from swinging prices of iron ore.

Although the ugly start of the market makes a 19,700 on the Dow by the end of 2016 seemed somehow too good to be true, the current performance of the index might be proving otherwise. At the onset of 2016 only a few people were predicting a President Trump, but a whole slew of sectors have since benefited from a post-Trump rally. This includes stocks tied to financials and those that win with higher interest rates, industrials, infrastructure, defense, and more.

The CBOE Volatility Index (VIX) was down 0.4 point or 3.4 percent, settling at its lowest since September 28.

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